ConocoPhillips (COP)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 122,780,000 | 96,699,000 | 95,994,000 | 95,348,000 | 95,924,000 | 93,651,000 | 89,605,000 | 91,441,000 | 93,829,000 | 94,837,000 | 93,693,000 | 93,308,000 | 90,661,000 | 87,304,000 | 85,403,000 | 62,618,000 | 62,618,000 | 63,157,000 | 63,046,000 | 65,033,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $122,780,000K
= 0.00
The debt-to-assets ratio for ConocoPhillips has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has no debt obligations in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that ConocoPhillips relies predominantly on equity financing rather than debt to fund its operations and investments. This can be viewed positively by investors and creditors as it signifies a lower financial risk and potentially greater financial stability for the company. Overall, the stable and low debt-to-assets ratio reflects ConocoPhillips' strong financial position and prudent capital structure management.
Peer comparison
Dec 31, 2024